Paul Allen sheds Priceline.com stake

LeticiaWilliams

WASHINGTON (CBS.MW) -- Paul Allen's Vulcan Ventures liquidated its passive holdings in struggling Priceline.com, according to a filing Wednesday with the Securities and Exchange Commission.

Allen had owned a 6.2 percent stake of about 9.1 million Priceline.com
PCLN
common shares, according to documents filed last February with the SEC.

Separately, the billionaire co-founder of Microsoft declined to exercise a stock option, which expired Feb. 7, to purchase up to an additional 7.45 percent of TheStreet.com's stock
TSCM
at $13.50 a share.

Allen owns 670,167 shares of TheStreet.com. Had he exercised his right to buy additional shares, he would have owned 2.7 million shares, a 10 percent stake, instead of the current 2.5 percent. TheStreet.com is a competitor of MarketWatch.com, the publisher of this report.

Shares of Priceline.com's common stock slipped 9 cents to close at $2.56 while TheStreet.com shares rose 16 cents to $3.41.

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